Funke, Norbert; Nunnenkamp, Peter; Schweickert, Rainer - Institut für Weltwirtschaft (IfW) - 1992
Formerly a favourite location for private capital inflows, Brazil was virtually cut off from further bank lending in the 1980s. The country's rating in secondary loan markets plummeted, and foreign direct investment dwindled. New external financing was replaced by an accumulation of interest...